Vacant Flex Industrial
For Sale
$3,800,000
1800 N Dixie Highway, Hollywood, FL 33020
Vacant flex/industrial warehouse with a mezzanine, air-conditioned warehouse, and recently replaced roof on a zoned lot.
Property Size12,013 SF
Lot Size0.33 Acres
Price / SF$316.32
Days on Market31
Property Features for 1800 N Dixie Highway
General Information
Standard status
Active
Size
12,013 SF
Total Parking Spaces
12
Lot size
0.33 Acres
Zoning
DH-3
Additional Details
Heavy Power
Yes
Taxes and HOA fees
Annual Taxes
$45,038
Amenities
air-conditioned warehouse
security system
Building Details
Building Size
12,013 SF
Year Built
1934
Buildings
2
Stories
2
Listing Agency:
Douglas Elliman
(917) 678-7202
Listed By:
Leah Sajovits · License #SL3490339
(917) 678-7202
Source:
Laerrealty
Added: Jul 24
Changed: Aug 23
Last Checked: Aug 23 at 9:09AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Douglas Elliman
Investment Insights
Based on property information with market context.
This vacant 12,013 SF flex/industrial warehouse includes a mezzanine and a warehouse interior that is air-conditioned. The building features 3-phase power, a security system, and a recently replaced roof. The site is improved with a 14,176 SF lot.
Located at 1800 N Dixie Hwy in Hollywood, FL 33020, the property is zoned DH-3. The public remarks indicate the site supports high-intensity mixed-use development, with potential for up to 10 stories (140 ft) and FAR up to 3.00.
Permitted uses listed in the remarks include retail, showroom, office, medical, restaurant, service, and flex/industrial, with potential for mixed-use or residential above subject to approvals. Retail frontage is referenced in the remarks alongside true warehouse functionality.
Located at 1800 N Dixie Hwy in Hollywood, FL 33020, the property is zoned DH-3. The public remarks indicate the site supports high-intensity mixed-use development, with potential for up to 10 stories (140 ft) and FAR up to 3.00.
Permitted uses listed in the remarks include retail, showroom, office, medical, restaurant, service, and flex/industrial, with potential for mixed-use or residential above subject to approvals. Retail frontage is referenced in the remarks alongside true warehouse functionality.
Key Highlights
- Vacant 12,013 SF flex/industrial warehouse with mezzanine for immediate occupancy
- Located on a 14,176 SF lot with DH‑3 zoning; potential for up to 10 stories (140 ft) and FAR up to 3.00
- Permitted uses include retail, showroom, office, medical, restaurant, service, and flex/industrial (mixed‑use and residential above subject to approvals)
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$136,429
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.59%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,728,580
$2.7M
Cap Rate 7%
$1,948,986
$1.9M
Cap Rate 9%
$1,515,878
$1.5M
Market Conditions
NOI Build-Up for 12,013 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$230.6K $19.20/SF
− Vacancy
−$20.8K −$1.73/SF
EGI
$209.9K $17.47/SF
− OpEx
−$73.5K −$6.12/SF
NOI
$136.4K $11.36/SF
Area
Hollywood, FL
Vacancy
9.00%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,728,580
Cap Rate 7%
$1,948,986
Cap Rate 9%
$1,515,878
Alternative Uses
Best Use
Flex RnD
$1.95M
$1.71M – $2.27M
NOI $136,429 @ 7.0% cap · market cap 3.59%
Second Best
Warehouse
$1.85M
$1.62M – $2.16M
NOI $129,394 @ 7.0% cap · market cap 3.41%
Theoretical Best
Office A
$4.70M
$4.11M – $5.48M
NOI $328,964 @ 7.0% cap · market cap 8.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Heavy power
Location Intelligence
Trade Area within ½ mile
1,406
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33020, FL
45,044
Population
22,508
Households
2
Avg Household Size
41
Median Age
29%
College-Educated
89%
High-School Grad
6.0 sq mi
ZIP Area
7,507
Density / Sq Mi
$52,535
Median Household Income
$32,449
Median Earnings
$1,444
Median Rent
$306,700
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- SUSHI CAFE CATERING — 1310 N Dixie Hwy, Hollywood, FL 33020
- South Florida Ice Cream Trucks — 361 E Sheridan St #102, Dania Beach, FL 33004
- SSNT ICE — 1029 N 20th Ave, Hollywood, FL 33020
Frequently Asked Questions
What type of property is this?
Flex space - Vacant flex/industrial warehouse with a mezzanine, air-conditioned warehouse, and recently replaced roof on a zoned lot.
Where is this flex space located?
The property is located at 1800 N Dixie Highway Hollywood, FL.
What is the asking price?
The asking price for this property is $3,800,000.
What are key features of this property?
This property features: Vacant 12,013 SF flex/industrial warehouse with mezzanine for immediate occupancy; Located on a 14,176 SF lot with DH‑3 zoning; potential for up to 10 stories (140 ft) and FAR up to 3.00; Permitted uses include retail, showroom, office, medical, restaurant, service, and flex/industrial (mixed‑use and residential above subject to approvals)
